The RV/MH Hall of Fame in Elkhart, Indiana, has reached a milestone in its efforts to become debt-free. The hall nearly closed early last year when it lacked funds to pay installments on an $840,000 bank loan. Fund-raising campaigns, management changes and tight budgeting have enabled the hall to pay off the entire loan.
The organization still owes $600,000 for antique RVs purchased from David Woodworth and $3 million to the family of the late Robert (Boots) Ingram, founder of Teton Homes and a major benefactor of the hall. Darryl Searer, president of the RV/MH Hall of Fame, said the Ingram family “has been extremely gracious and supportive.” Besides donating money to the Hall of Fame, the family has agreed that as long as monthly obligations on the $3 million note are met, it will reduce the payoff to $2 million.
Searer said the hall’s goal is to be debt-free by 2020.